Solution-Develop a list of inputs along with their

Develop a list of inputs along with their associated costs

Reference no: EM13747320

Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of 1,000 words:

Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.
You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.
How many items of your product will you need to produce to meet this sale price? How did you calculate this?
Determine which of the costing systems discussed in this class will work best for your company. Explain why.
- Explain why those not chosen were not a good fit for your company.
- You must explain "why not chosen" for a minimum of 3 costing methods.
Please devote at least 1 paragraph to the ethical considerations of costing methods

Verified Expert

The paper was about an USA based entity, Thornton Inc. which manufactures and sells customized machinery. These are manufactured on contractual basis. Contracts would range from short term one time contract of 3 to 4 months to recurring contracts. This paper talks about estimated selling price for a contract, its minimum selling price, normal selling price. Also it discusses about estimated output. This concludes with touch of decision making where in we discuss of project viability based on tools such as net present value and pay back period. Another important tool which is used when there is a conflict between net present value and pay back period i.e. Profitability index. The paper has been prepared in word format.

Reference no: EM13747320

Questions Cloud

Calculate the net present value with a required return : Calculate the net present value with a required return of 10%, an initial investment of $30,000, and 10 years of payments of $6,000 each. Calculate the net present value with a required return of of 8%, an initial investment of $45,000, and cash flow..

What is the ratio of phenotypes : What is the ratio of phenotypes (yellow kernel color: blue kernel color) in the 20 offspring of your five crosses? If you were to run this experiment 1000 times, rather than just 5 times, what would you expect the ratio of phenotypes to be in the o..

Franc loan from a foreign bank at an interest rate : On October 31, 2012, Darling Company negotiated a two-year 100,000 franc loan from a foreign bank at an interest rate of 3 percent per year. Interest payments are made annually on October 31, and the principal will be repaid on October 31, 2014. Darl..

How does big eds motorcycle shop intend to repay its debt : Background information on Big Ed's Motorcycle Shop .Short bio on Ed Silver and the office manager/bookkeeper - How does Big Ed's Motorcycle Shop intend to repay its debt?

Develop a list of inputs along with their associated costs : Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.

Her old residence is never rented out or used for business : On October 29, 2013, Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. she purchased the residence on May 12, 2004, for $85,000. She spent $12,000 for captital improvements in 2004. To help sell the house, she pays $3..

What is the best method to detect fraud : Explain the three major categories of occupational fraud and according to Mr. Wells, what is the best method to detect fraud? What types of companies are hit the hardest by occupational fraud?

Preview the diecraft australia case study on the website : To prepare for this Group Application, review the Diecraft Australia case study on the website. Work with your group to evaluate how each of the implementation strategies could play out at Diecraft Australia. •Select the strategy you believe would be..

Where did thomas aquinas say that conscience originates : Where did Thomas Aquinas say that conscience originates? The single criterion for making decisions in utilitarian ethics is what?

User Account

All Pages

Develop a list of inputs along with their associated costs

Reference no: EM13747320

Reference no: EM13747320

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT